Terrestrial Energy Announces Appointment of Former Head of Advanced Nuclear of Westinghouse

NEW YORK, NEW YORK--(Marketwired - July 21, 2015) - Terrestrial Energy announces that it has appointed Robin Rickman as Vice President of Corporate Development. Mr. Rickman joins Terrestrial Energy from Westinghouse Electric Company, where he was recently the Director of New Reactor Projects, which included its Small Modular Reactor program. Mr. Rickman has over 40 years of experience in the nuclear industry, spending equal amounts of time in the nuclear navy and the civilian nuclear power sector. Mr. Rickman brings a tremendous breadth of operational experience to Terrestrial Energy as the Company moves forward with its IMSR commercialization plan.

In the US Navy, Mr. Rickman held various management positions. He supervised the safe operation and maintenance of nuclear reactor plants and associated steam plant systems including supervision, inspection and testing of all nuclear systems on a new construction 688(I) class submarine. This experience is relevant to Terrestrial Energy's program of extensive IMSR components and systems testing, which begins within the next 12 months.

In the civilian power sector, Mr. Rickman has specialized in reactor maintenance as well as R&D, in various management roles. He was in charge of mechanical maintenance at Braidwood Nuclear Generating Station; He was Principal Technical Specialist and project-managed the development of several advanced nuclear projects at Idaho National Laboratory; Since 2007, he has had escalating management positions at Westinghouse Electric Company, in the areas of strategic project development, and most recently, being made Director of New Reactor Projects, including Westinghouse's Small Modular Reactor project. Mr. Rickman's 20 years' experience engaging with the international nuclear power supply chain is of increasing value as Terrestrial Energy commercializes its IMSR.

Mr. Rickman is a member of a number of industrial and institutional advisory boards and working groups, including the NEI SMR Working Group; he will continue in this capacity on behalf of Terrestrial Energy. Mr. Rickman received his nuclear training at the Naval Nuclear Power School.

Mr. Rickman joined Terrestrial Energy on July 1, 2015 as Vice President of Corporate Development. He will be assisting the Company with the development of strategic relationships with suppliers and customers. He brings strong experience and a large industry network to this important role.

Mr. Rickman made the following comments regarding his new position:

"The move to Terrestrial Energy offers an exciting and very timely opportunity to be part of what I believe to be a new future for the nuclear industry created by today's advanced technologies. Although I have been a life-long professional devoted to advancing LWR technology and thoroughly enjoyed my time at Westinghouse, I am pleased to now join with the Terrestrial Energy team, which is devoted to bringing to life an advanced technology that represents a completely new paradigm for civilian nuclear energy - a paradigm based on cost-competitiveness, scalable, grid-independent energy that has an entirely new narrative for waste, safety and proliferation resistance."

About Terrestrial Energy

Terrestrial Energy has the objective of being a top-tier nuclear reactor vendor globally. The commercial deployment of its proprietary Molten Salt Reactor technology is scheduled for 2024. Molten Salt Reactor technology represents a revolution in nuclear safety, waste and proliferation resistance, and in energy cost-competitiveness. Terrestrial Energy's Integral Molten Salt Reactor (IMSR) is a small modular design, with models ranging from 80 MWth to 600 MWth - ideally suited for small- to mid-size electricity markets and industrial operations, including on- and off- grid power provision. Terrestrial Energy's board consists of executives from the nuclear, electric utility and finance industries.

Dr. David LeBlanc will be presenting at the World Nuclear Association Symposium on September 10, 2015 in London, UK. Terrestrial Energy is a proud member of the WNA. As World Nuclear Association membership has grown to encompass almost every enterprise in the global nuclear industry, the annual World Nuclear Association Symposium has established itself as the industry's foremost international meeting, attracting an attendance of over 600 leaders and specialists from more than 30 countries. The Symposium is also drawing increased attention from non-industry professionals who recognize nuclear power's central importance in securing our world's energy and environmental future. An event not to be missed offering extensive networking opportunities, Q&A sessions, interactive panel discussions, a large exhibition and fantastic social events.